JTO

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0299%/8h= −32.7% APRnext payment −$0.37 per $10,000 · paid last 24h −0.009%

Price spread now: Coinbase International against Kraken Futures+0.138%7-day average +0.275% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Kraken Futures Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.034%−$3 on $10k

Price spread, last 4 days (all we have)−0.168%−$17 · spread now +0.138%, 7d avg +0.275%

Together, before fees−0.202%−$20 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Coinbase International is 0.138% cheaper against Kraken Futures than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of +0.275%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.034% in total (about -1.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.37 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_JTOUSD	0.5106	0.0763	pay 0.0095% / 1h	51m 02s	$324K	$369K	25x
Short	Coinbase International JTO-PERP-INTX	0.5113	0.0464	get 0.0058% / 1h	51m 02s	$58K	$135K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Kraken Futures. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Kraken FuturesbpFee Coinbase InternationalbpOrdersPrice spread, now +0.138%Rate

Funding earned: −$62.74
Price spread: +0.138% → +0.275%: −$13.76
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$96.51
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Kraken Futures: live order book, 47 min ago; Coinbase International: live order book, 47 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Kraken Futures live order book, 47 min ago	22.68 bp	62.2 bp −$62	912.4 bp −$9,124	doesn't fit	doesn't fit
Sell Coinbase International live order book, 47 min ago	16.75 bp	40.8 bp −$41	doesn't fit	doesn't fit	doesn't fit

JTO on 26 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit JTO_USDC-PERPETUAL	−0.0338%	1h	0.5101	−0.098%	$13K	$30K	10x	as long as short
Bybit JTOUSDT	−0.0330%	4h	0.5095	−0.215%	$6.8M	$14.3M	50x	as long as short
dYdX JTO-USD	0.0000%	1h	0.5096	−0.196%	$4K	$4K	5x	as long as short
Reya JTORUSDPERP	0.0000%	1h	0.5540	+8.491%	—	—	—	as long as short
Injective JTO/USDC PERP	+0.0033%	1h	0.4973	−2.604%	$31	$43K	5.5x	as long as short
Paradex JTO-USD-PERP	+0.0041%	8h	0.5094	−0.228%	$488	$10	5x	as long as short
Lighter JTO	+0.0096%	1h	0.5105	−0.015%	$114K	$240K	10x	as long as short
Hyperliquid JTO	+0.0100%	1h	0.5103	−0.060%	$6.9M	$3.1M	5x	as long as short
Aster JTOUSDT	+0.0100%	4h	0.5100	−0.117%	$119K	$233K	10x	as long as short
Binance JTOUSDT	+0.0100%	4h	0.5095	−0.225%	$10.7M	$28.4M	75x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX JTO-USDT-SWAP	+0.0100%	4h	0.5093	−0.254%	$3.7M	$9.8M	50x	as long as short
Bulk JTO-USD	+0.0100%	1h	0.5092	−0.275%	$55K	−$0	10x	as long as short
Gate JTO_USDT	+0.0100%	8h	0.5098	−0.156%	$882K	$924K	75x	as long as short
MEXC JTO_USDT	+0.0100%	4h	0.5096	−0.195%	$6.3M	$3.4M	50x	as long as short
KuCoin JTOUSDTM	+0.0100%	4h	0.5100	−0.123%	$1.5M	$581K	20x	as long as short
Bitget JTOUSDT	+0.0100%	4h	0.5099	−0.137%	$2.3M	$2.3M	50x	as long as short
BingX JTO-USDT	+0.0100%	4h	0.5095	−0.215%	—	$8.6M	—	as long as short
Variational Omni JTO	+0.0100%	4h	0.5092	−0.280%	$218K	$229K	—	as long as short
Orderly PERP_JTO_USDC_mythos	+0.0100%	4h	0.5101	−0.098%	$4K	$918	10x	as long as short
Extended JTO-USD	+0.0104%	1h	0.5094	−0.227%	$522K	$2.7M	10x	as long as short
GMX JTO/USD [WBTC.b-USDC]	L +0.0224% / S −0.2181%	1h	0.5102	−0.083%	$2K	—	50x	as long as short
Backpack JTO_USDC_PERP	+0.0301%	1h	0.5104	−0.041%	$241K	$320K	10x	as long as short
Phoenix JTO	+0.0313%	1h	0.5102	−0.078%	$371K	$128K	5x	as long as short
BloFin JTO-USDT	+0.0340%	4h	0.5092	−0.274%	$583K	$564K	75x	as long as short
Coinbase International JTO-PERP-INTXshort	+0.0464%	1h	0.5113	+0.138%	$58K	$135K	25x
Kraken Futures PF_JTOUSDlong	+0.0763%	1h	0.5106	long leg	$324K	$369K	25x